Tag - corruption

Vietnam has been on average the most rapidly growing economy in Southeast
Asia for more than a decade. Its economic growth of 6 to 7 per cent a year over
the past half-decade rivals that of China and its exports are worth just over
the total value of its GDP.

Police in Vietnam have arrested a former senior executive of BIDV, a bank
that has come under scrutiny from an anti-graft campaign in the communist-ruled
country, the Ministry of Public Security said on Thursday.

Vietnamese Prime Minister Nguyen Xuan Phuc on Wednesday fired the deputy
police minister, the highest ranking police official to be removed in a
corruption crackdown in the Communist-ruled country, the government said.

Police in Vietnam on Tuesday arrested a former chairman of one of the
country’s largest mobile carriers and a senior official of the Ministry of
Information and Communications on allegations of economic mismanagement, as the
communist-led government widens a crackdown on corruption.

A court in Vietnam has sentenced a former banking executive to 30 years in
prison and ordered that she pay more than US$700 million (S$936.5 million) in
damages caused at a domestic bank, state media reported on Friday (June 1).

Vietnam’s current and former information ministers and several other senior
officials have been accused of “very serious” violations linked to state
telecoms firm Mobifone and BIDV bank, part of a widening crackdown on
corruption.

Việt Nam ranks 107th among 180 countries and territories in the Corruption
Perceptions Index (CPI) 2017 released by Transparency International on
Thursday, a slight improvement from the two previous years.

A Vietnamese former oil executive allegedly kidnapped from Germany was
jailed for life Monday for embezzlement, state media reported, his second life
sentence tied to a corruption crackdown in the communist country.